It's riskier than ever to be a foreign business in China, as evidenced by a series of recent sanctions, detentions, and an updated anti-espionage law that has watchdogs on edge
Previously, the law focussed on the mishandling of state secrets — which was already an"ambiguously defined term," analysts at political risk consultancy Eurasia Group wrote in an April 28 note seen by Insider.
"It was already very tough. Now, it's going to get even tougher," Alfred Wu, an associate professor at the National University of Singapore's Lee Kwan Yew School of Public Policy, told Insider. Wu attributes the expanded law toEven the US Chamber of Commerce in Beijing is worried about the impact of the updated law.
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